TITLE

Whither the 10-Year Rule?

AUTHOR(S)
Barnett, Susanna Duff
PUB. DATE
October 2004
SOURCE
Bond Buyer;10/27/2004, Vol. 350 Issue 31998, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the refusal by the U.S. House leaders two-and-a-half weeks ago to include a measure in the corporate tax package that would have partially repealed the 10-year rule for mortgage revenue bonds has put the future of the issue under a foreboding cloud. Bond market participants, many of whom are reassessing their priorities, say they want to continue to ask the U.S. Congress for a full repeal of the 10-year rule, which they have sought since it was enacted in 1988 and which has been a top legislative priority for the past four years. The bill would cost an estimated $2.2 billion over 10 years, according to unofficial estimates from the Joint Tax Committee.
ACCESSION #
14897075

 

Related Articles

  • THE BOND BUYER LEGISLATIVE STATUS REPORT.  // Bond Buyer;8/29/2005, Vol. 353 Issue 32206, p33 

    Presents a chart depicting developments on various legislation related to bonds in the U.S. Congress. Lack of legislation related to the 10-year rule which focuses on mortgage prepayments; Introduction of a legislation related to Internet Tax Nondiscrimination Act of 2005; Decision of...

  • Improvising Lending Policies. Berliner, Bill // National Mortgage News;1/9/2012, Vol. 36 Issue 15, p14 

    The article offers the author's insights on the passing of the payroll tax holiday extension by the U.S. Congress in December 2011 in which a tax was instituted on mortgage transactions.

  • THE BOND BUYER LEGISLATIVE STATUS REPORT.  // Bond Buyer;12/11/2006, Vol. 358 Issue 32525, p38 

    The article presents updates of various legislation related to bonds in the U.S. Congress. The Hurricane Katrina Tax Relief Act of 2005, which offers to ease the use of single-family mortgage revenue bonds in disaster impact areas, has been signed into law. The Fiscal 2006 Tax Reconciliation Act...

  • Delaware Senate OKs Tax Hikes, $120 Million for Bond Bill. Newman, Emily // Bond Buyer;6/20/2003, Vol. 344 Issue 31661, p37 

    In two moves that bring some relief to the financially-pressed state, the Delaware Senate on June 19, 2003 passed all the tax increases already approved by the U.S. House, a measure that will generate nearly $145 million, and approved the addition of $120 million to the 2004 bond authorization...

  • Treasury Official: 'One-Off' Bond Measures Could Cripple Tax System. McConnell, Alison L. // Bond Buyer;5/7/2007, Vol. 360 Issue 32623, p3 

    The article focuses on issues concerning the continuous enactment of the one-off tax-credit bond programs by the U.S. Congress. Attorney at the Office of Tax Policy's tax legislative counsel office John J. Cross III says that the one-off tax-credits raises the question about tax code...

  • PHFA Selling $125M Single-Family Deal. Cataldo, Adam L. // Bond Buyer;6/19/2006, Vol. 356 Issue 32405, p4 

    The article announces the selling of the third single-family mortgage revenue bond in 2006 by the Pennsylvania Housing Finance Agency in Pennsylvania. According to Joseph Knopic, finance director, the agency is positive that the year will be the biggest in revenue bond sale on the basis of the...

  • Senate Fiscal Cliff Bill Deal Helps Distressed Borrowers and MIs. Collins, Brian // Nationalmortgagenews.com;1/ 1/2013, p1 

    The article reports on the approval of the fiscal cliff deal by the U.S. Senate in January 2013. Topics covered include the inclusion of important tax provisions to the mortgage sector as well as the impact on the Mortgage Debt Forgiveness Release Act. Also mentioned is the expiration date of...

  • Proposed Tax-Exempt Curbs Would Drive Up Debt Costs, Group Says. Newman, Emily // Bond Buyer;3/3/2005, Vol. 351 Issue 32082, p5 

    The article reports that the Public Finance Network (PFN) charged yesterday that the elimination of advance refundings and other tax-exempt bond curbs proposed by the U.S. Congress Joint Taxation Committee (JTC) would substantially drive up borrowing costs for states and localities. The...

  • FHLBs Could Offer LOCs for Economic Development Debt Under Bill. Mcconnell, Alisn L. // Bond Buyer;4/26/2006, Vol. 356 Issue 32368, p4 

    The article reports that the Federal Home Loan Banks has said they could provide credit enhancements to issuers of tax-exempt economic bonds under the proposed legislation by U.S. Representative Phil English. The proposed bill is alike to previous ones introduced in the Congress after the...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sign out of this library

Other Topics